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Quote from: Bentley Bullet on June 04, 2024, 10:53:55 pmSo what caused that inflation, and what will Starmer do about it?By far the largest cause of inflation was Putin and his war in Ukraine.Six months before the invasion he stated restricting the supply of gas in to Europe. gas prices exploded. Kwarteng had to bailout the UK CO2 and fertilizer industry.Since then gas prices have peaked but are still much higher than we were used to. Is it Sunaks fault? No. But he has still tried to take the credit for lowering inflation despite the fact it had nothing at all to do with him or the government
So what caused that inflation, and what will Starmer do about it?
Quote from: River Don on June 04, 2024, 10:59:39 pmQuote from: Bentley Bullet on June 04, 2024, 10:53:55 pmSo what caused that inflation, and what will Starmer do about it?By far the largest cause of inflation was Putin and his war in Ukraine.Six months before the invasion he stated restricting the supply of gas in to Europe. gas prices exploded. Kwarteng had to bailout the UK CO2 and fertilizer industry.Since then gas prices have peaked but are still much higher than we were used to. Is it Sunaks fault? No. But he has still tried to take the credit for lowering inflation despite the fact it had nothing at all to do with him or the government So the years of QE and the ridiculously low interest rates had nothing to do with it?Coupled with a society that also has to have everything on credit means that eventually the bills had to be squared up and dealt with.
Quote from: danumdon on June 04, 2024, 11:11:21 pmQuote from: River Don on June 04, 2024, 10:59:39 pmQuote from: Bentley Bullet on June 04, 2024, 10:53:55 pmSo what caused that inflation, and what will Starmer do about it?By far the largest cause of inflation was Putin and his war in Ukraine.Six months before the invasion he stated restricting the supply of gas in to Europe. gas prices exploded. Kwarteng had to bailout the UK CO2 and fertilizer industry.Since then gas prices have peaked but are still much higher than we were used to. Is it Sunaks fault? No. But he has still tried to take the credit for lowering inflation despite the fact it had nothing at all to do with him or the government What do you reckon would have happened to a desperately fragile economy without the QE to prop it up?So the years of QE and the ridiculously low interest rates had nothing to do with it?Coupled with a society that also has to have everything on credit means that eventually the bills had to be squared up and dealt with.
Quote from: River Don on June 04, 2024, 10:59:39 pmQuote from: Bentley Bullet on June 04, 2024, 10:53:55 pmSo what caused that inflation, and what will Starmer do about it?By far the largest cause of inflation was Putin and his war in Ukraine.Six months before the invasion he stated restricting the supply of gas in to Europe. gas prices exploded. Kwarteng had to bailout the UK CO2 and fertilizer industry.Since then gas prices have peaked but are still much higher than we were used to. Is it Sunaks fault? No. But he has still tried to take the credit for lowering inflation despite the fact it had nothing at all to do with him or the government What do you reckon would have happened to a desperately fragile economy without the QE to prop it up?So the years of QE and the ridiculously low interest rates had nothing to do with it?Coupled with a society that also has to have everything on credit means that eventually the bills had to be squared up and dealt with.
Quote from: Bentley Bullet ,link=topic=291308.msg1320591#msg1320591 date=1717538480So why was it his fault when inflation went higher?It wasn't
So why was it his fault when inflation went higher?
Quote from: River Don on June 04, 2024, 11:13:36 pmQuote from: danumdon on June 04, 2024, 11:11:21 pmQuote from: River Don on June 04, 2024, 10:59:39 pmQuote from: Bentley Bullet on June 04, 2024, 10:53:55 pmSo what caused that inflation, and what will Starmer do about it?By far the largest cause of inflation was Putin and his war in Ukraine.Six months before the invasion he stated restricting the supply of gas in to Europe. gas prices exploded. Kwarteng had to bailout the UK CO2 and fertilizer industry.Since then gas prices have peaked but are still much higher than we were used to. Is it Sunaks fault? No. But he has still tried to take the credit for lowering inflation despite the fact it had nothing at all to do with him or the government What do you reckon would have happened to a desperately fragile economy without the QE to prop it up?So the years of QE and the ridiculously low interest rates had nothing to do with it?Coupled with a society that also has to have everything on credit means that eventually the bills had to be squared up and dealt with.A great many economists stated that it was allowed to continue for too long.
Quote from: danumdon on June 04, 2024, 11:15:19 pmQuote from: River Don on June 04, 2024, 11:13:36 pmQuote from: danumdon on June 04, 2024, 11:11:21 pmQuote from: River Don on June 04, 2024, 10:59:39 pmQuote from: Bentley Bullet on June 04, 2024, 10:53:55 pmSo what caused that inflation, and what will Starmer do about it?By far the largest cause of inflation was Putin and his war in Ukraine.Six months before the invasion he stated restricting the supply of gas in to Europe. gas prices exploded. Kwarteng had to bailout the UK CO2 and fertilizer industry.Since then gas prices have peaked but are still much higher than we were used to. Is it Sunaks fault? No. But he has still tried to take the credit for lowering inflation despite the fact it had nothing at all to do with him or the government What do you reckon would have happened to a desperately fragile economy without the QE to prop it up?So the years of QE and the ridiculously low interest rates had nothing to do with it?Coupled with a society that also has to have everything on credit means that eventually the bills had to be squared up and dealt with.A great many economists stated that it was allowed to continue for too long.A small number of right wing economists say that. They were saying it for 15 years after the GFC led to the need for QE and low interest rates and they were consistently wrong.
Quote from: River Don on June 04, 2024, 11:02:39 pmQuote from: Bentley Bullet ,link=topic=291308.msg1320591#msg1320591 date=1717538480So why was it his fault when inflation went higher?It wasn't It wasn't Sunak's fault.Inflation was inevitable as we came back to normality after COVID and as Putin waged economic war on the West. Neither of those were the fault of the Tories.But the madness of the Kamikwaze Budget unquestionably added fuel on the inflationary fires and meant we needed higher interest rates for longer than most competitors to get inflation back down. And many economic experts are saying there's a strong chance of inflation rising again in Britain later this year, no matter who wins the Election.
Quote from: BillyStubbsTears on June 04, 2024, 11:17:05 pmQuote from: danumdon on June 04, 2024, 11:15:19 pmQuote from: River Don on June 04, 2024, 11:13:36 pmQuote from: danumdon on June 04, 2024, 11:11:21 pmQuote from: River Don on June 04, 2024, 10:59:39 pmQuote from: Bentley Bullet on June 04, 2024, 10:53:55 pmSo what caused that inflation, and what will Starmer do about it?By far the largest cause of inflation was Putin and his war in Ukraine.Six months before the invasion he stated restricting the supply of gas in to Europe. gas prices exploded. Kwarteng had to bailout the UK CO2 and fertilizer industry.Since then gas prices have peaked but are still much higher than we were used to. Is it Sunaks fault? No. But he has still tried to take the credit for lowering inflation despite the fact it had nothing at all to do with him or the government What do you reckon would have happened to a desperately fragile economy without the QE to prop it up?So the years of QE and the ridiculously low interest rates had nothing to do with it?Coupled with a society that also has to have everything on credit means that eventually the bills had to be squared up and dealt with.A great many economists stated that it was allowed to continue for too long.A small number of right wing economists say that. They were saying it for 15 years after the GFC led to the need for QE and low interest rates and they were consistently wrong. You forgot to add "in your opinion"
Quote from: BillyStubbsTears on June 04, 2024, 11:15:32 pmQuote from: River Don on June 04, 2024, 11:02:39 pmQuote from: Bentley Bullet ,link=topic=291308.msg1320591#msg1320591 date=1717538480So why was it his fault when inflation went higher?It wasn't It wasn't Sunak's fault.Inflation was inevitable as we came back to normality after COVID and as Putin waged economic war on the West. Neither of those were the fault of the Tories.But the madness of the Kamikwaze Budget unquestionably added fuel on the inflationary fires and meant we needed higher interest rates for longer than most competitors to get inflation back down. And many economic experts are saying there's a strong chance of inflation rising again in Britain later this year, no matter who wins the Election.Inflation is highly likely to rise later in the year as low inflation numbers fall out of the equation and new higher figures appear.It's probably why Sunak called the election now. This is about as good as inflation will be in the next 6 months at least
But inflation is nowt to do with Sunak, so why will it affect his support?
Quote from: Bentley Bullet on June 05, 2024, 12:18:31 amBut inflation is nowt to do with Sunak, so why will it affect his support?It's just his bad luck to be in charge of the UK economy when it happened. Like when Gordon Brown was in charge when the financial crisis hit in 2008.De facto it's Sunaks fault. Suck it up. Heh, I'm only an idiot on a low league football forum so I can say the truth and it makes no difference at all.And we can't ignore the fact that Sunak is claiming he controls inflation.
And it's Sunak's bad luck that his party implemented no-deal brexit and had truss for a leader.
Quote from: SydneyRover on June 05, 2024, 07:42:36 amAnd it's Sunak's bad luck that his party implemented no-deal brexit and had truss for a leader.No Sunak can't escape the fact that the government he's been a part of, has got things wrong.Look how much better the USA has coped under Biden in similar (not as bad but similar) circumstances.
Quote from: River Don on June 05, 2024, 08:11:06 amQuote from: SydneyRover on June 05, 2024, 07:42:36 amAnd it's Sunak's bad luck that his party implemented no-deal brexit and had truss for a leader.No Sunak can't escape the fact that the government he's been a part of, has got things wrong.Look how much better the USA has coped under Biden in similar (not as bad but similar) circumstances.The USA has done better than all of Europe.
Fourteen years of stagnation. That's why the country feels like it's in decline because it is!
Yet the country is richer than it ever has been but with that wealth distributed ever more unequally. The rich are growing richer and the poor getting poorer - and more numerous. Which was the plan of both austerity and Brexit.Vote Tory
https://www.bbc.co.uk/news/articles/ckmm6nexlngo
Quote from: Ldr on June 05, 2024, 01:57:40 pmhttps://www.bbc.co.uk/news/articles/ckmm6nexlngoWhat a farce. That ruling just opens up leafleting and posters to all sorts of abuse.
Do you want to share your opinion, hound, on a public figure engaging in deliberate deception of the public with the intention of causing them mistakenly to vote for him?